The dollar rose at the start of the week to a level just under a 20-year high against other major currencies on Monday as investors sought safe havens due to concerns about global growth while cryptocurrency markets appeared to have found some stability after last week’s turmoil. The dollar index …
Read More »The euro is waiting for more decline 16/5/2022
The single European currency maintains negative stability against the US dollar, hitting its lowest level during last week’s trading at around 1.0350. Technically, by looking at the 4-hour chart, we notice the continuation of the negative pressure coming from the simple moving averages, which still constitute a hindrance to the …
Read More »Financial Markets’ Weekly Recap, 9 – 13 May
The US inflation data dominated the markets in the week ending May 13th. The safe-haven assets ended the trading in a bearish direction led by gold as a result of the rise in the US dollar. Wall Street ended trading higher on Friday, ending a week of wild market volatility, …
Read More »European shares rise at the end of a volatile week
European shares rose in early trading on Friday to settle at the end of a volatile week dominated by concerns about sharp inflation and tightening monetary policy. The pan-European STOXX 600 index rose 0.7% by 0710 GMT, with banking, oil, gas and technology shares leading the morning gains. Trading in …
Read More »The euro breaks the support 13/5/2022
During the previous trading session, the euro incurred strong losses against the US dollar to complete the bearish directional movement that the pair confirmed by breaking the mentioned low during all reports this week at 1.0500, heading towards the official target station at 1.0400, recording its lowest level at 1.0353. …
Read More »European shares fall after Wall Street declines on interest rate hike fears
European shares fell on Thursday, pulled down by steep losses on Wall Street overnight, after US inflation data fueled concerns about the impact of higher interest rates on economic growth. The pan-European Stoxx 600 index fell 1.7 percent, losing many of the gains it made in the middle of the …
Read More »Euro confused between directional movement and correction 11/5/2022
The movements of the European single currency did not witness much change within sideways movements that tended to the negative and are still confined from the bottom above 1.0500 and from above below at 1.0580; therefore, the technical outlook has not changed. On the technical side today, and by looking …
Read More »Euro between directional movement and correction 10/5/2022
Attempts tended to the positive, witnessing the euro’s movements against the US dollar, building on the support level of the psychological barrier published in the previous analysis at 1.0500, to record a marginal rise to retest the 1.0590 level. On the technical side today, and with careful consideration on the …
Read More »The dollar climbs to highest level in two decades
The dollar rose to a 20-year high on Monday as a combination of rising US Treasury yields and closings in China boosted the dollar’s safe-haven appeal. Against a basket of major currencies, the dollar index exceeded 104.19 for the first time since July 2002, continuing its rise by nine percent …
Read More »Euro collides with resistance 9/5/2022
The pivotal supply zones published in Friday analysis at 1.0600 managed to limit the euro’s attempts to rebound upwards, which forced the pair to trade negatively again. Technically, by looking at the 4-hour chart, we notice the continuation of the negative features coming from the stochastic indicator, which is gradually …
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